Incorporation of Toyota Tsusho Thai Holdings Co., Ltd.

We are pleased to announce that Toyota Tsusho (Thailand) Co., Ltd. (“TTTC”) has incorporated a joint venture company, Toyota Tsusho Thai Holdings Co., Ltd. (“TTTH”) together with TTTC’s current Thai partners. The details of TTTH are as follows:

Company Name	Toyota Tsusho Thai Holdings Co., Ltd.
Address	607 Asoke-Dindaeng Road, Kwaeng Dindaeng, Khet Dindaeng, Bangkok, 10400 Thailand
Managing Director	Mr. Kiyoyoshi Oba
Principal Activity	Investment Holding Company
Establishment Date	1 July 2019
Shareholders	Toyota Tsusho (Thailand) Co., Ltd.    49% JAOVISIDHA CO., LTD.                     25.5% CCKVC CO., LTD.                             25.5%

In addition, Toyota Tsusho (Thailand) Co., Ltd. will become a foreign company, wholly owned by Toyota Tsusho Corporation in February 2020.